Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR) Shares Down 1.4% – What’s Next?

Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR)’s stock price fell 1.4% on Wednesday. The stock traded as low as $27.55 and last traded at $27.58. 176,135 shares changed hands during trading, an increase of 62% from the average session volume of 108,615 shares. The stock had previously closed at $27.98.

Pacer Data & Infrastructure Real Estate ETF Price Performance

The firm has a market cap of $285.45 million, a P/E ratio of 41.56 and a beta of 0.99. The stock’s 50-day simple moving average is $29.90 and its two-hundred day simple moving average is $31.95.

Hedge Funds Weigh In On Pacer Data & Infrastructure Real Estate ETF

A hedge fund recently bought a new stake in Pacer Data & Infrastructure Real Estate ETF stock. Foster & Motley Inc. purchased a new stake in shares of Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 395,271 shares of the company’s stock, valued at approximately $12,558,000. Foster & Motley Inc. owned about 3.28% of Pacer Data & Infrastructure Real Estate ETF at the end of the most recent quarter.

About Pacer Data & Infrastructure Real Estate ETF

The Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF (SRVR) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks a market cap-weighted index of real estate companies from developed markets that are related to data and infrastructure. SRVR was launched on May 15, 2018 and is managed by Pacer.